Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average—if it closes, per $10,000$4funding while held, a day+$1.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1240 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 8m 40s | — | — | 150x |
| Short | OKX OP-USDT-SWAP | 0.1240 | 0.0049 | get 0.0049% / 8h | 5h 08m | $5.7M | $30.2M | 50x |
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $4.03
- Funding while held
- $1.35
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$14.62
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0045%
- Per $10,000 a day
- +$1.35
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 1 min ago | 0.40 bp | 9.3 bp −$9 | 27.5 bp −$275 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OP price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1228cheapestCoinbase International0.1230+0.163%Variational Omni0.1235+0.586%ApeX Omni0.1236+0.651%edgeX0.1236+0.682%Orderly0.1239+0.896%HTX0.1239+0.920%Bybit0.1240+0.945%Gate0.1240+0.945%Reya0.1240+0.958%BloFin0.1240+0.961%MEXC0.1240+0.977%KuCoin0.1240+0.977%BingX0.1240+0.977%
Injective
Coinbase International
Variational Omni
ApeX Omni
Orderly
HTX
Bybit
Gate
Reya
BloFin
MEXC
KuCoin
BingXgTrade (Gains Network)0.1240+0.977%
Deribit0.1240+0.977%Aevo0.1240+0.982%Aster0.1240+0.983%SoDEX0.1240+0.993%Backpack0.1240+1.002%GMX0.1240+1.017%
Deribit
Aevo
Aster
SoDEX
Backpack
GMXOKX0.1240+1.018%
Extended0.1241+1.032%Binance0.1241+1.032%Lighter0.1241+1.042%Hyperliquid0.1241+1.059%dYdX0.1241+1.059%Bitget0.1241+1.059%Kraken Futures0.1241+1.070%
Extended
Binance
Lighter
Hyperliquid
dYdX
Bitget
Kraken FuturesOP on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.968% | −0.1842% | 1h | $34K | $86K | 12x | as long as short |
| Coinbase International OP-PERP-INTX | −0.806% | −0.0336% | 1h | $21K | $66K | 50x | as long as short |
| Variational Omni OP | −0.388% | −0.0081% | 8h | $225K | $43K | — | as long as short |
| ApeX Omni OPUSDT | −0.323% | +0.0100% | 1h | $44K | $720K | 50x | as long as short |
| edgeX OPUSDC | −0.292% | +0.0100% | 4h | $9K | $380K | 10x | as long as short |
| Orderly PERP_OP_USDC | −0.081% | −0.0029% | 8h | $6K | $53K | 10x | as long as short |
| HTX OP-USDT | −0.056% | +0.0100% | 8h | $176K | $259K | 50x | as long as short |
| Bybit OPUSDT | −0.032% | +0.0099% | 8h | $18.0M | $26.5M | 75x | as long as short |
| Gate OP_USDT | −0.032% | +0.0073% | 8h | $1.8M | $1.5M | 50x | as long as short |
| Reya OPRUSDPERP | −0.019% | +0.0434% | 1h | $689 | — | 20x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin OP-USDT | −0.016% | +0.0220% | 8h | $975K | $304K | 75x | as long as short |
| MEXC OP_USDT | 0.000% | +0.0100% | 8h | $19.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | 0.000% | +0.0100% | 8h | $3.0M | $7.4M | 75x | as long as short |
| BingX OP-USDC | 0.000% | +0.0100% | 8h | — | $1.6M | — | as long as short |
| gTrade (Gains Network) OP/USDlong | 0.000% | L +0.0004% / S −0.0004% | 1h | — | — | 150x | |
| Deribit OP_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $43K | $185K | 25x | as long as short |
| Aevo OP-PERP | +0.005% | +0.0104% | 1h | $4K | — | 3x | as long as short |
| Aster OPUSDT | +0.006% | +0.0100% | 8h | $212K | $266K | 10x | as long as short |
| SoDEX OP-USD | +0.016% | +0.0100% | 1h | $180 | $6K | 5x | as long as short |
| Backpack OP_USDC_PERP | +0.024% | +0.0100% | 1h | $127K | $197K | 10x | as long as short |
| GMX OP/USD [OP-USDC] | +0.040% | L −0.1162% / S +0.0245% | 1h | $13K | — | 100x | as long as short |
| OKX OP-USDT-SWAPshort | +0.040% | +0.0049% | 8h | $5.7M | $30.2M | 50x | |
| Extended OP-USD | +0.054% | +0.0104% | 1h | $99K | $206K | 25x | as long as short |
| Binance OPUSDT | +0.055% | +0.0100% | 8h | $19.6M | $64.9M | 75x | as long as short |
| Lighter OP | +0.065% | +0.0096% | 1h | $267K | $907K | 15x | as long as short |
| Hyperliquid OP | +0.081% | +0.0100% | 1h | $3.8M | $3.1M | 5x | as long as short |
| dYdX OP-USD | +0.081% | 0.0000% | 1h | $38K | $437 | 10x | as long as short |
| Bitget OPUSDT | +0.081% | +0.0100% | 8h | $6.0M | $6.2M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.091% | +0.0543% | 1h | $770K | $770K | 20x | as long as short |